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FOX
Dec 30, 2012 6:00pm PST
over the flip, yet as the -- fiscal cliff, both republicans said they will not vote tonight. they will reconvene tomorrow morning. >> the vote on spending cuts and tax high school thaksd prevent the u.s. from going -- hike, from -- going over the fiscal cliff, still in the final hours. >> the house and senate convened for rare sunday sessions in hoping of bridging major impasses. >> conversations and discussions continue and we remain hopeful that'll get a breakthrough. >> we'll pass a minimalist bill so that we won't go over the cliff and then i think we have to go from there. >> on nbc's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for welt healthy americans. >> a mijor sticking point continues to be -- major annual sticking point, the threshold has waiverd from $250,000 to as high as millionion dollar. the country doesn't have a tax revenue problem. t has a spending problem. john boehner issued a statement saying republicans have made every effort to make the balanced agreement that the president promised the american people. we'
FOX
Dec 24, 2012 10:00pm PST
an agreement for the fiscal cliff. >> reporter: some republican lawmakers say president obama wants the country to fall off the fiscal cliff. >> we were going to go over the cliff before, we're going to go over the cliff now because that's what the president wants. you cannot negotiate with someone who doesn't want to negotiate. >> reporter: that would raise taxes on people making more than $200,000 a year. each making a parting pitch. >> i've asked leaders of congress to work toward a package that prevents a tax hike on middle class americans, prevents unemployment insurance for 2 million americans and lays the ground work for further work on both growth and deficit reduction. >> the presidents solution of raising tax rates would still be ready for as far as the eye can see and it would hurt jobs. >> the partisan bickering has put the country on the brink of a financial crisis. >> it's the first time that i feel it's more likely that we will go over the cliff than not. and that if we allow that to happen it will be the most collosal consequential in a very long time. >> reporter: p
FOX
Dec 26, 2012 5:00pm PST
year perhaps, so does the deadline for the so- called fiscal cliff and tonight a new development. house republicans tossed the fiscal cliff problem to the senate today. saying once the senate has a plan congress can go forward. john fowler investigated some of the latest moves and joins us live with what could happen a week from today. john? >> reporter: do mog, we get deep spending cuts and across- the-board tax hikes. con shull staffers told me -- congressional staffers told me today, expect a bumpy ride of the halls of power empty, although negotiateders and the president are back at work. >> at the very least let's agree right now on what we already agree on. >> reporter: an olive branch to the gop and carrot to corporate giants, including the bay area's google and apple. the administration now suggesting cutting corporate tax rates. the u.s. has among the world's highest. but closing loop holes that helped google, for instance, avoid $2 billion in taxes last year. >> corporations are concerned because they're not sure the extent to which exemptions would be eliminated. >> reporter: wells capital mana
FOX
Jan 1, 2013 12:00pm PST
biden and senator republican leader of kentucky sealed the deal. it negates the fiscal cliff of across the board tax increases and sweeping government other agencies but many house republicans said that they were opposed to the bill because they didn't cut federal spending and they were hoping gop leaders will give the house a chance to amend the bill and send it back to the senate. democrats are saying enough is enough. >> we could allow us to go over or we can try to come together and pass something that something probably on both sides of the aisle no one agrees with 100% of. >> what we're going to do in the present plan is put nearly another trillion dollars worth of debt on the american people. time is running out to change the direction because that trillion dollars isn't just a problem for the next generation, it's a problem for corporate america, it's a problem for every american. >> the deal approved by the senate continues tax breaks for those earning less than $400,000 and for couples earning less for 450,000. it raises taxes on wealthiest americans. house republicans are supposed to meet twice today about the bill no decision expected before that second decision to b
FOX
Jan 1, 2013 6:00am PST
. >>> earlier this morning, the u.s. senate will avoid the fiscal cliff and a vote is expected this morning. he said neither republicans nor democrats got everything they wanted and this a agreement should work and the house should pass it without delay. the house of representatives should reconvene at 9:00 our time. will house republicans try to block house of that senate pill. >> they have hundreds of new laws and they just took a affect today. and we will tell you about one that affects you if you use facebook. >> reporter: well there are a total of 876 new laws in the books in our state and one is designed to protect homeowners trying to avoid foreclosure. this new law would prevent banks from starting the foreclosure basis and it will protect people going through alone modification. and you can still go ahead with the for close to our some time. it is now illegal to use facebook user i.d. and password to keep their jobs. colleges and user add mixes are also prohibited in doing the same thing and can no longer ask the students. driver less cars, pay paves the way and they are a bay area technical giant and as long as t
FOX
Dec 27, 2012 7:00am PST
. he has important talks scheduled to avert the fiscal cliff. >>> as we showed you, the senate is back in session. they are hoping to strike a deal and avoid the fiscal cliff. we are in washington where some republicans are pessimistic an agreement can be reached. >> reporter: the senate majority leader is on the floor right now. we will take a live look at the capitol. he is trying to get republican support for the latest democratic plan. they got back to work about 15 minutes ago and are considering the president's offer to raise taxes on households making $400,000 or more a year. even if it passes the senate he is concerned about the house where he will need about 30 republicans to cross party lines. the house speaker said he is not making members of the house come back from their break without a 48 hour notice on a vote. in the last -- >> american people i don't think understand the house is operating without the house of house. its being operated with a dictatorship of the speaker. >> reporter: on top of this the treasurey department said the united states will hit its debt ceiling on monday and unless it takes extraordinary measures the country could default on some of its payments. we are expectin
FOX
Dec 27, 2012 6:00am PST
. >>> they are going to have high level talks regarding the fiscal cliff. here is more from washington d.c. >> reporter: senate for harry reid is trying to get republicans on board with the president's latest offer including raising taxes on those making 400,000 a year not 250,000. senator harry reid will pass this plan and does not want to put it to a vote unless he knows it will pass the housement they want to avoid fitting the call. house speaker john boehner held a meeting with fellow gop leaders and said he would give them 48 hours before calling them back from their holiday vacation meaning saturday is the earliest time a fiscal vote could take place on this deal. treasury secretary tim geithner said the united states will hit the debt ceiling on monday unless he takes extraordinary measures. they believe it could force congress to come up with a deal before monday's deadline but some republicans are not as optimistic. live in washington, ktvu channel 2 morning news. >>> they set $2 billion for unit who made her first court appearance. she was drunk when she hit a group of people. the woman was knocked up to a hill and she was studying criminal justi
FOX
Dec 31, 2012 2:00am PST
thinks is a good deal. >> chris: i'm not sure it is a good deal but avoids the worst of the fiscal cliff. senator bayh -- obviously, we don't know, what is your sense, no filibuster in the senate? you heard lindsay graham and do republicans pass whatever the senate agrees to? >> the odds are somewhat better than 50/50 we get a minimal deal in the senate. not one that solves our debt problem, as you pointed out earlier and this is a prequel to going through it again around the first of march over the debt ceiling and getting us through this crisis, slightly better than 50-50 and the real question is in the house of representatives and will it be enough of a compromise, that enough republicans can vote for it, to get through the house? i put that at 50-50. >> chris: byron, the most we can say, or will be ale to say if congress passes something is they were able to stop the crisis, that they created, in the first place. but, they will have done nothing, i mean, it is really quite astonnishing to deal with the debt problem which is what the crisis was supposed to be about and, in fact, if you extend the bush tax cuts for 98, 99% of americans, and you have just these small, automatic spending cuts, you actually increase the defici
FOX
Jan 1, 2013 7:00am PST
house republicans will meet to discuss this fiscal cliff package. it's now in their land. what will they do with it -- what will they do? could tomly kate things more -- could -- to complicate things more, eric canter has said they are not sure if they will vote on it today. we're just waiting to see what happens. let's talk about last night. vice president biden was on the hill. biden and senate republican leader, mitch mcconnell, they both worthed together very closely to work out -- worked together to work out this compromise. and we now know that individuals making more than 400,000 and families making more than $450,000 will see their taxes go up. and while those automatic spending cuts are delayed until the beep ginning of march, the cost -- beginning of march, the cost of the delay, $24 billion. they will pay for that with spending cuts and new revenue that will all offset the -- the cost of delay. 89-8 an overwhelming vote. one other piece of information we also know that vice president biden will be back on the hill. he will be meeting with house democrats as they try to mo
FOX
Dec 26, 2012 10:00pm PST
. >> reporter: what seems increasingly likely is to allow the country to go over that fiscal cliff, triggering higher taxes. that would allow hard line republicans to vote for lower taxes, a few days later. >> to make them look better? to appease voters. if that's the reason, great. >> reporter: some call it a low form of political shenanigans. >> i think that's horrible, they would put the american people through that. i don't think it's fair to the american people. >> reporter: this afternoon, east bay congresswoman barbara lee told me, there are too many lives at stake if we do not get a deal before the end of the year. john fowler, ktvu, channel 2 news. >>> starbucks is urging its employees in the washington area to send a message to congress. baristas will be writing come together on coffee cups for the rest of the workweek. ceo howard schultz says he wants to send a respectful, but potent message. >>> new figures show u.s. home prices are higher than a year ago. today's kay shiller price report shows prices in the 20 largest markets were up more than 4% in october. prices in the bay area are up own moore, jumping 8.9%. phoenix topped the list
FOX
Jan 1, 2013 5:00am PST
worked. >>> avoiding the so called fiscal cliff, obama released a statement saying while neither democrats nor republicans got everything they wanted, this agreement is the right thing to do for the country and the house should pass it without delay. now the house of representatives will reconvene, coming up at 5:15, the big question, will house republicans block the senate bill from passing. >>> it is 5:03 this morning. salvano county follows ahead on collision -- head-on collision, the accident happened near the river bridge on highway 12 east of rio vista. they have not released details about what caused the crash or if alcohol was involved. meanwhile law agencies are cracking down on drunk drivers and dui checkpoints were set up across the area and chp officers were patrolling the highways. the number of dui arrests were down compared to last year but new numbers for this year's crackdown should be released sometime today. >>> well new this morning, 2013 means california has certain new laws that take affect today. allie rasmus is joining us live from oakland with the details affected by these new laws, a
FOX
Dec 31, 2012 5:00pm PST
looks like a bad deal. >> reporter: the country is expected to go over the fiscal cliff because there is almost no way to move a deal before midnight. but once a deal was passed it could reverse spending cuts and tax hikes before they make an impact. >> depending on the advantage point, the fiscal cliff looks different to different team. and consumer editor tom vacar is here now with three views, washington, business and taxpayers. >> reporter: three indeed. it is not if we are going off the cliff, it is how hard we are going to hit. >> what we want done here is structure and certainty. >> reporter: there will soon be a deal. >> i think it is the consequences that people really didn't like to see. >> reporter: that is the view from wall street. what they are thinking here on main street. >> be on my comprehension, you know. such a important thing. not leave it for the last minute. >> i think it is apparent they don't answer their constituents anymore. there is interests and lobbyists that are controlling the decision making and we are an after thought now. >> they should do something
FOX
Dec 27, 2012 5:00am PST
on the fiscal cliff. he will cut his trip short in hopes of negotiating a deal with republicans. >>> and pg&e is returning gas service to a brentwood neighborhood and others are under water to shelter in place. >>> business owners are trying to put a top to it. now fruitville avenue they are smashing windows destroying decorations and the latest incident happened. that area has been the center of reason crimes and they are asking city leaders for more protection. they are looking at three shoplifting suspects. the three women went into two source stores on scald -- two stores on california streets and they put some merchandise into their bags and walked out of the stores. they have been arrested but they are still looking for more information on the suspects. >>> they refused to bring medical coverage to include morning after conception. sonia judge sonia sotomayor was looking whether to violate their faith and said the challenge could be heard in a lower court. >>> doctors are still keeping a close eye on nelson mandela. he was treated for a lung infection and had gallon stone surgery.
FOX
Dec 28, 2012 5:00am PST
that many americans still fear going over the fiscal cliff. i'll have more on that in my next update. live in washington kyla campbell ktvu channel 2 news. >>> analysts say if the country goes over the fiscal shift it could send the economy back if into a recession. >>> secretary of state hillary clinton is expected to return to work next week. a specksman for clinton says she continues to recooperate at home. doctors say clinton contracted a stomach virus earlier this month and became dehydrated and fainted. >>> the sonoma county sheriffs office will continue its search today for a possible plane crash. an eyewitness reported seeing smoke coming from a distressed aircraft in the hills. search crews combed that area but have found nothing. >>> the military is investigating a fighter jet that went down near fresno know. the plane crashed during a routine training mission yesterday afternoon. that about 100 east of fresno. the jet was flying between 12,000 own 15,000 feet at the time of the emergency. and the pilot ejected safely. >> there are no new one. >> no one was hurt on the grou
FOX
Dec 26, 2012 5:00am PST
barack obama will actually get his way if a fiscal cliff is not reached before the deadline, kyle la campbell, washington d.c. newsroom. >>> and in general delegations are not as crowded as the first ones. as many as 800,000 are expected to be there for the president's 21st inauguration and that's less than those who flooded the area in 2009. >>> it should be much better and governor brown wants to overhaul the state's funding system. he hopes to give them fair control of how the school operates their money in minority districts. he is expected to outline proposals in his january budget. >>> john mcafee is expected to be spending time in great britain. he posted a blog saying he is safe in the country where he grew up. he is safe in england and has been hiding from authorities in belize where he was wanted for questioning in the suspicious death of a neighbor. >>> crews are looking into a suspicious water-main break in fairfax yesterday afternoon. crews shut off traffic in the area and still no word on what caused that break. >>> the bay area is starting to see more economic growth i
FOX
Dec 24, 2012 7:00am PST
week away from the fiscal cliff. talks to try to prevent automatic tax hikes and spending cuts won't resume until thursday. andrew spencer has the very latest. >> reporter: some republican lawmakers says president obama wants the country to fall off the fiscal cliff. >> we were gonna go over the cliff before. we are gonna now because that's what the president wants. >> reporter: house speaker john boehner failed to get enough vote for his plan b on thursday. that would have raised taxes on people making more than a million dollars a year. on friday, they left town with no deal. >> i've asked leaders of congress to work toward a package that prevent as tax hike on middle-class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. >> raising taxes could still be red ink as far as i can see and it would hurt jobs. >> reporter: some long-time lawmakers are dismayed by the perpetual gridlock. >> i feel it's more likely we'll go over the cliff than not and if we allow that to happen, it will be the most colossal consequential act of irresponsible in a long time --er responsibility. >> reporter:
FOX
Dec 31, 2012 10:00pm PST
have reached a deal on the tax issues that comprize half of the fiscal cliff equation. however, it's only a deal in principle. the deal raises the tax rate from 35% to more than 39% for households making more than $450,000 a year. but it puts off decisions on $110 billion in across the board spending cuts to military, and domestic programs. we get more now on capitol hill. >> reporter: a very happy new year for the senate, closing out 2012 with a deal. hammering out a compromise on spending cuts. deal or no deal, the u.s. is destined to go over the cliff, because the house convened monday night. earlier in the day, tough words for republicans. >> if republicans think that i will finish the job of deficit reduction through spending cuts alone, if they think that's going to be the formula for how we solve this thing, they have another thing coming. that's not how it's going to work. >> reporter: the deal will extend unemployment benefits, and bring back higher clinton era taxes on top earners. an increase in extensions from households earning $250,000 a year, reportedly to those making
FOX
Dec 28, 2012 7:00am PST
effort to avoid the fiscal cliff. he cut short his hawaii vacation to return to washington and coming up, signs that president obama maybe reaching out to another republican leader after his negotiations with house speaker john boehner did not result in a deal. >> well, traffic don't in downtown san francisco could grind to a halt. that's because today is the last scheduled critical mass event for the year. for those new to the area, on the last friday of every month, dozens of cyclists ride alightning the waterfront and down market street and drivers are always advised to expect delays. >> peeking of, we haven't really seen any this morning. let's go to tara and see if that changed. >> no, the same story. maybe a lot of folks headed up to the tahoe area. maybe they already left as a matter of fact because the skiing is going to be pretty good up there. right now i want to show you my maps so you can see exactly what i'm talking about up here. the roadways are completely clear and in livermore the same story. overall a very nice commute this morning. 237, those taillights there on the far right hand side of your screen westbound and this is one-on-one toward san
FOX
Dec 29, 2012 7:00am PST
running out of time to reach a deal on the fiscal cliff. senate leaders are working on a last ditch agreement. they hope to vote as soon as tomorrow. both houses will reconvene tomorrow. some republicans suggest racing taxes for those earning at least a million, the president and democrats want increases on making more than $250,000 a year. >> we can't afford a politiclyself inflicted wound to the economy. the economy is growing but keeping that way means the folks you sent to washington have to do their jobs. >> the president said congress must meet the new year's deadline and pass a balanced plan. >> the president's proposal to raise taxes on the top 2% won't even pay one third of the interest that's owed on this 16 trillon dollar debt. >> ouri senator gave the gop address saying the president's tax hike would only fund the government for eight days. >> here is what could happen if no deal is reached. out of work americans will loose their extended benefits, california would be hit the hardest, 400,000 will loose benefits and the bay area will certainly feel the sting, more than 22,000 people in alameda and contra costa could be affected. california is bracing for a stalemate. the state con
FOX
Dec 31, 2012 7:00am PST
looking better to avoid going over the fiscal cliff at 9:00 p.m. our time. as kyla cam billion reports from our washington, d.c. newsroom, there's still a gap on raising taxes. >> reporter: republicans and democrats both say these negotiations are moving forward. the house is back at work this hour and we expect to hear from the senate when they start their day in about 45 minutes everyone the big et problem that needs to be -- biggest problem that needs to be solved is deciding who should pay more in taxes. democrats offered to raise taxes on households making $450,000. republicans were still hoping for the $550,000. but republicans dropped their demand to cut social security benefits. at that point, joe biden and mitch mcconnell took over negotiations. the two worked together in the senate for 23 years and have a strong history of finding compromise. >> i think there's some good news. the conversations continued late into the night last night. i think now there is a better than 50/50 chance that we will avoid the fiscal cliff by midnight tonight. >> reporter: if the senate comes one a plan and passes it, the -- comes up with a plan and passes, it the house would have to vote on it. ky
FOX
Dec 30, 2012 7:00am PST
is up to congress to find a way back from the so-called fiscal cliff. he reached out to republicans but the refusal to raise taxes on the rich has blocked negotiations. congress will reconvene today with a senate meeting in a little more than an hour from now. >>> a winter storm is dumping more snow on the east coast this morning. it comes days after another storm is being blamed for the death of 16 people. boston's mayor has declared a snow emergency as some parts of the east coast get ready for up to a foot of new snow. >>> many people don't like the snow others are pretty excited for that snow. sledders in new york took advantage of the snow and turned the park into a winter wonder land. some snow lovers even did a little cross country skiing. several inches have fallen in the area over the past few days. in west oakland a man says it felt like an earthquake when a tree came crashing down. a nearly 30-foot tree came down narrowing missing homes and cars. the tree had been there for at least 60 years. >>> in world news the body of an indian woman who was gang raped on a bus her body h
Search Results 0 to 20 of about 21